Christoph Weil News
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German stocks declined for a fourth time in five days as data showed manufacturing unexpectedly contracted in March, while Cyprus’s President worked on a plan to get a European Central Bank-led bailout.
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Slovenia’s Citizens’ List party will join Prime Minister Alenka Bratusek’s government, a move that may help the nation avoid early elections as it struggles with a recession and a banking crisis.
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Slovenia’s Citizens’ List party will decide today whether to join Prime Minister Alenka Bratusek’s caretaker government as she strives to avoid early elections and an international bailout.
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When the leader of the Orthodox Church in Cyprus requested financial assistance for the ailing country last week, he turned east, not west.
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In October 2010, the world’s top finance ministers and central bankers flew to the South Korean resort town of Gyeongju to discuss how to protect a fragile economic recovery.
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Economic confidence in the euro area increased more than economists forecast in December even as the 17-nation currency bloc remained mired in its second recession in four years.
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Economic confidence in the euro area slumped to the lowest in more than 2 1/2 years in June and German unemployment increased more than economists forecast, adding to signs the European economy fell into a recession.
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Greece drew enough bonds to its buyback of sovereign debt to meet a goal that’s crucial to unlocking aid from the International Monetary Fund and European Union, a government official said.
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The euro-area jobless rate climbed to a record in September as the fiscal crisis and tougher austerity measures threatened to deepen the economy’s slump.
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For the first time in history, the Greeks are following the Irish with the understanding that mythology has no place in the path to redemption.
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